Buying a home is a monumental moment in anyone's life, whether it's the first or the fifth. After obtaining a pre-approval, a real estate agent is often a buyer's first point of contact. You can choose to hire your own agent or work with the seller's, but in New York, you also need to hire a real estate attorney. Learn more about the differences below.
How Do a Real Estate Attorney & Agent Differ?
The main difference between a real estate attorney and an agent is their focus. Both can represent your interests to sellers and provide offers as well as negotiate the contract, but real estate lawyers have a broader understanding of the law. An attorney can offer legal advice based on your situation and the home you want as well as provide a thorough investigation into documents such as the title and mortgage.
They're also usually paid differently. While an agent relies on the sale of the home to earn commission, a lawyer often charges per hour or a flat rate, depending on the service. Since an attorney's earnings occur regardless of which home you buy, many buyers feel like there is less biased involved and more focus on their needs as clients.
What Are the Benefits of Working With a Real Estate Attorney?
A real estate attorney offers both buyers and sellers multiple benefits, including ensuring all your documents are in order and you're properly protected under the law. For buyers, this includes checking for any unpaid property tax or liens on the home that would fall into your hands without the proper precautions. Most lawyers also attend the closing procedures and answer any questions that may arise, and, afterward, they'll handle all the registration documents.
Whether you're selling or buying a home, make sure you're legally protected by working with Steve Butcher Sr., Esq. The Rochester, NY, real estate attorney is known for his attention to detail and customer-centric approach. From negotiating terms to answering questions during closing, he'll be there every step of the way. Learn more about the firm by visiting the team online, and schedule your free consultation by calling (585) 263-2444.